I was just about to cry my eyes out when I realised Randwick is in NSW, but then I looked again at the criteria.
Who will pay the Turnover Charge?
This charge will only apply to customers who during a particular week (Monday to Sunday GMT) meet each of the below criteria:
have matched bets on 25 or more markets on which Betfair is subject to a turnover fee from Racing NSW (“turnover charge markets”);
have matched back bets with an aggregate value of AUS $2,000 or greater on turnover charge markets; and
the total commission generated by the customer on turnover charge markets is less than 1.5% of the aggregate value of matched back bets placed by the customer on those markets.
This means that you can bet as much as you like as long as you stop at 24 markets.
Go beyond that though, and it could be an expensive mistake.